White Matthews Non-Executive COB, Imation

Imation Corp. announced that Linda W. Hart has retired as Non-Executive Chairman of the Company’s Board of Directors.

Hart was among Imation’s original Board members at the Company launch in 1996, and has served as its Non-Executive Chair since 2007.

L. White Matthews, III, was appointed the Company’s new Non-Executive Chairman, effective immediately following the Company’s Annual Meeting of Shareholders on May 4, 2011.

"We are very grateful to Linda Hart for her many contributions to Imation during the past 15 years," said Mark Lucas, President and Chief Executive Officer, Imation. "Linda brought a wealth of business leadership, deep experience in issues involving public companies, and thorough knowledge of securities law to her role. She leaves at a time when Imation has a solid operational foundation and an actionable strategy to move forward. Imation has been privileged to have such an esteemed business leader helping to guide the company."

Commenting on L. White Matthews’ appointment, Lucas said: "We are pleased to welcome White Matthews to the role of Non-Executive Chairman of the Board. White has been a director of Imation since February 2003. He has been a member of our Nominating and Governance Committee, and previously chaired our Audit and Finance Committee. White’s experience as chief financial officer at large public companies, combined with his corporate governance expertise and experience chairing corporate boards, will benefit Imation. I look forward to working closely with White as Imation focuses its strategy on profitable growth opportunities in data storage, protection, and connectivity."

Mr. Matthews has been a director of Imation since February 2003. From July 1999 until his retirement in September 2001, Mr. Matthews served as Executive Vice President and Chief Financial Officer of Ecolab, Inc., as well as a member of its Board of Directors. From 1977 to May 1998, Mr. Matthews served in various financial positions with Union Pacific Corporation, including Executive Vice President and Chief Financial Officer from November 1989 to May 1998; he was a member of its Board of Directors from 1994 to 1998. Mr. Matthews is a director and Chairman of the Board of Constar International Inc., and a director of PNC Mutual Funds, Inc. He was a director of Matrixx Initiatives, Inc. from 2003-2011 and Ceridian Corporation from 2005-2008, where he served as Chairman of the Board in his last year.

Ms. Hart was a director of Imation since July 1996 and was elected Non-Executive Chairman in April 2007. She has been Vice Chairman and Chief Executive Officer of Hart Group, Inc. since 1990 and Vice Chairman, President and Chief Executive Officer since January 2008. Ms. Hart is also a director of each of the Hart Group companies: Hart Group, Inc., Rmax Operating, LLC and L&M Acquisitions, Inc. Prior to joining Hart Group, Inc. in 1990, Ms. Hart was engaged in the private practice of law in Dallas, Texas. Ms. Hart also serves on the Board of Trustees for the Center for Strategic & International Studies, Washington, D.C.; the Women’s Leadership Board, Harvard University, Kennedy School of Government; and numerous other educational, civic and charitable institutions.

Imation also noted the resignation of Director Raymond Leung, a member of Imation’s Board since November 2007. Dr. Leung, Executive Vice President, TDK Corporation, had been TDK’s representative on the Imation Board. This was in accordance with an agreement between Imation and TDK in conjunction with Imation’s acquisition of the TDK recording media business, an agreement that gave TDK the right to nominate a representative to serve on Imation’s Board. TDK has determined that, at this time, it does not require a representative. Therefore, effective May 4, 2011, Dr. Leung resigned from Imation’s Board of Directors.

Lucas commented: "We thank Raymond Leung for his contributions to our Board. As the representative of our largest shareholder and a strategic business partner, TDK, Raymond brought a unique perspective to his role as an Imation Director. His extensive experience in the data storage industry, including in the development of new products and markets, especially in China, has been beneficial to Imation."

Members of Imation’s eight-member Board of Directors
include:

L. White Matthews, III, Non-Executive Chairman of the Board of Imation Corp.
David P. Berg, Chief Operating Officer and Executive Vice President, Global Business Development, General Nutrition Centers, Inc.
Charles A. Haggerty, Chief Executive Officer, Le Conte Associates, LLC, and former Chairman, President and Chief Executive Officer, Western Digital Corporation.
Ronald T. LeMay, Chairman of AirCell Inc., Chairman, October Capital and Razorback Capital, and President and Managing Director of OpenAir Ventures.
Mark E. Lucas, President and Chief Executive Officer of Imation Corp.
Trudy A. Rautio, Executive Vice President, Chief Financial Officer and Chief Administrative Officer, Carlson.
Glen A. Taylor, Chairman, Taylor Corporation and Owner, Minnesota Timberwolves (NBA) and Minnesota Lynx (WNBA).
Daryl J. White, retired President and Chief Financial Officer, Legerity, Inc., and former Senior Vice President of Finance and Chief Financial Officer, Compaq Computer Corporation.